Esprit has joined the Chapter 22 club.
The fashion brand has started insolvency proceedings for Esprit Europe Gmbh, its European holding arm, along with six German affiliates. The bankruptcy proceedings are before a German court in Dsseldorf. Esprit branches in Belgium and Switzerland filed their respective bankruptcies in March. The company has dual headquarters in Germany and Hong Kong.
Founded in 1968 by Susie and Doug Tompkins, who are also the co-founders of The North Face, the brand has been listed on the Hong Kong Stock Exchange since 1993. By the 2010s, supermodels Gisele Bndchen and Christy Turlington became the personalities representing Esprit worldwide. Bndchen portrayed the stylish, cosmopolitan side of the brand while Turli…
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